Facilitation - BOPLASS assist with negotiations and arranges for direct charges back to councils
Shared cost - an agreement with the supplier as to specification, support and prices etc with a supporting agreement from involved councils as to payment. BOPLASS pays the supplier and invoices councils for their share on an agreed basis
Shared equity – where there is a specific need to recognise individual equity of councils owning a share of an asset BOPLASS can set up a specific shareholding arrangement for shares called “B” shares. These are non voting shares which recognise the capital value of the asset and shares can be apportioned on the basis of each council’s contribution.
Subsidiary company - in the case of a significant activity requiring particular governance skills and/or involvement of joint venture partners, a subsidiary company could be set up. This is likely to be the least favoured option unless there is significant justification.